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Talking Points
- Prices are testing below 132.58 (23.6% Fib) to expose 131.12 (38.2% Fib, trend line)
- A break below that initially exposes 129.94 (50% Fib)
- Rising channel support-turned-resistance is now at 133.47
Confirm your chart-based trade setups with the Technical Analyzer.
Daily Chart – Created Using FXCM Marketscope 2.0
— Written by Ilya Spivak, Currency Strategist for DailyFX.com
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